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Steel forges ahead: auto, appliance makers increased purchases in Jan. (steel industry)...

By Prizinsky, David
Publication: Crain's Cleveland Business
Date: Monday, March 23 1992

Steel industry watchers are encouraged by big gains in start-of-the-year shipments to makers of automobiles and home appliances.

Carmakers and their independent suppliers took 16% more steel in January 1992 than they did in the like month last year. And the appliance industry bought 17% more metal, according to data compiled by the American Iron and Steel Institute in Washington, D.C.

The increased activity in the auto and appliance industries is considered a positive sign for the overall economy.

"The economic recovery will be led by the consumer product

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